Interest Rate Cut – What does it mean?

WHAT THE INTEREST RATE CUT MEANS FOR THE SA PROPERTY MARKET The MPC announced on Thursday a lowering of the repo rate by 25 basis points. The repo rate drops to 6.25% and the prime lending rate changes to 9.75%. The repo rate is the benchmark interest rate at which the Reserve Bank lends money to other banks. Before Thursday, the last time the bank changed the rate was in July 2019, when it was cut...

Security Upgrades For Your New Home

SECURITY UPGRADES WHEN MOVING TO A NEW HOUSE Secure the Doors Don’t help a burglar stroll in through the front door (34% of them do!).Inspect all of your exterior doors to make sure the door frames are strong and the hinges are protected. If you’re moving into a residence that someone else used to call home, change the door locks. That way you won’t have strangers out there with a key to...

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